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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES:      
Net loss $ (182) $ (505) $ (951)
Adjustments to net loss:      
Depreciation and amortization 1,128 1,053 1,056
Emissions allowance expense 264 425 337
Loss (gain) on realized/unrealized derivatives 143 127 (1)
Gain on remeasurement to acquisition date fair value 0 (5) (254)
Loss (gain) on disposal and sale of business interests (134) 9 1,683
Impairment expense 1,079 1,715 1,575
Loss on realized/unrealized foreign currency 331 58 23
Deferred income taxes (54) 4 (406)
Other 149 123 202
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable 161 (532) (170)
(Increase) decrease in inventory 306 (417) (93)
(Increase) decrease in prepaid expenses and other current assets 38 (40) (168)
(Increase) decrease in other assets 5 433 (285)
Increase (decrease) in accounts payable and other current liabilities (132) 470 (251)
Increase (decrease) in income tax payables, net and other tax payables (109) (51) (271)
Increase (decrease) in deferred income (2) 33 (314)
Increase (decrease) in other liabilities 43 (185) 190
Net cash provided by operating activities 3,034 2,715 1,902
INVESTING ACTIVITIES:      
Capital expenditures (7,724) (4,551) (2,116)
Acquisitions of business interests, net of cash and restricted cash acquired (542) (243) (658)
Proceeds from the sale of business interests, net of cash and restricted cash sold 254 1 95
Sale of short-term investments 1,318 1,049 616
Purchase of short-term investments (937) (1,492) (519)
Contributions and loans to equity affiliates (178) (232) (427)
Affiliate repayments and returns of capital 5 149 320
Purchase of emissions allowances 268 488 265
Other investing (116) (29) (97)
Net cash used in investing activities (8,188) (5,836) (3,051)
FINANCING ACTIVITIES:      
Borrowings under the revolving credit facilities 7,103 5,424 2,802
Repayments under the revolving credit facilities (6,285) (4,687) (2,420)
Issuance of recourse debt 1,400 200 7
Repayments of recourse debt (500) (29) (26)
Issuance of non-recourse debt 4,521 5,788 1,644
Repayments of non-recourse debt (2,495) (3,144) (2,012)
Payments for financing fees (142) (120) (32)
Purchases under supplier financing arrangements 1,858 (1,042) (91)
Repayments of obligations under supplier financing arrangements 1,491 432 35
Distributions to noncontrolling interests (323) (265) (284)
Acquisitions of noncontrolling interests 127 602 117
Contributions from noncontrolling interests 102 233 365
Sales to noncontrolling interests 1,938 742 173
Issuance of preferred shares in subsidiaries 421 60 153
Issuance of preferred stock 0 0 1,014
Dividends paid on AES common stock (444) (422) (401)
Payments for financed capital expenditures (10) (33) (24)
Other financing (121) 3 (101)
Net cash provided by financing activities 5,405 3,758 797
Effect of exchange rate changes on cash, cash equivalents and restricted cash (270) (56) (46)
(Increase) decrease in cash, cash equivalents and restricted cash of held-for-sale businesses (78) 22 55
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (97) 603 (343)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning 2,087 1,484 1,827
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending 1,990 2,087 1,484
SUPPLEMENTAL DISCLOSURES:      
Cash payments for interest, net of amounts capitalized 1,317 928 815
Cash payments for income taxes, net of refunds 301 271 459
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Noncash or Part Noncash Divestiture, Amount of Consideration Received 239 24 9
Lease Obligation Incurred 225 134 56
Dividends declared but not yet paid 116 111 105
Non-cash contributions from noncontrolling interests 60 0 0
Noncash contributions to equity affiliates from transfers of tax credits 52 0 0
Notes payable issued for the acquisition of business interests (see Notes 17 and 25) 0 0 258
Non-cash [Member] | AES Clean Energy      
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Contribution of Property $ 0 $ 0 $ 118